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URL:  http://boards.fool.com/ive-never-understood-the-retirement-advice-to-30548106.aspx

Subject:  Re: trouble ahead for most future retirees Date:  2/18/2013  9:04 AM
Author:  Hawkwin Number:  71407 of 76420

I've never understood the retirement advice to put a large portion of your portfolio in fixed income securities. (Or worse, put money into a immediate life annuity where a large portion of the premium is lost to the insurance company's fees and costs.)

Becuase the vast majority of people have no discipline, education, or patience when it comes to investing. Some of that is their fault, some of that if the fault of our society that both provides no education (mandatory or otherwise in high school), and encourages people to not educate themselves by having the employer handle much of it through target date funds.

You have to admit that what you did 19 years ago simply is not feasible for well over 90% of the population.
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